1,599 Shares in Northrop Grumman Corporation $NOC Purchased by Realta Investment Advisors

Realta Investment Advisors bought a new position in shares of Northrop Grumman Corporation (NYSE:NOC) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,599 shares of the aerospace company’s stock, valued at approximately $1,091,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Kestra Investment Management LLC raised its holdings in Northrop Grumman by 4.4% in the 4th quarter. Kestra Investment Management LLC now owns 353 shares of the aerospace company’s stock valued at $201,000 after buying an additional 15 shares during the period. Evolution Wealth Management Inc. boosted its stake in Northrop Grumman by 6.8% during the fourth quarter. Evolution Wealth Management Inc. now owns 235 shares of the aerospace company’s stock worth $134,000 after buying an additional 15 shares during the period. Howard Financial Services LTD. increased its position in shares of Northrop Grumman by 1.4% during the fourth quarter. Howard Financial Services LTD. now owns 1,143 shares of the aerospace company’s stock valued at $651,000 after acquiring an additional 16 shares during the last quarter. Frank Rimerman Advisors LLC increased its position in shares of Northrop Grumman by 0.8% during the fourth quarter. Frank Rimerman Advisors LLC now owns 1,973 shares of the aerospace company’s stock valued at $1,125,000 after acquiring an additional 16 shares during the last quarter. Finally, Capital Advisors Ltd. LLC increased its position in shares of Northrop Grumman by 0.4% during the fourth quarter. Capital Advisors Ltd. LLC now owns 4,012 shares of the aerospace company’s stock valued at $2,288,000 after acquiring an additional 16 shares during the last quarter. 83.40% of the stock is currently owned by institutional investors and hedge funds.

Northrop Grumman Price Performance

Shares of NYSE NOC opened at $499.84 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.15 and a quick ratio of 1.04. The company has a market cap of $70.99 billion, a price-to-earnings ratio of 15.64, a price-to-earnings-growth ratio of 3.41 and a beta of -0.12. The stock’s 50-day moving average is $556.35 and its two-hundred day moving average is $627.73. Northrop Grumman Corporation has a 1-year low of $489.26 and a 1-year high of $774.00.

Northrop Grumman (NYSE:NOC) last announced its quarterly earnings data on Tuesday, April 21st. The aerospace company reported $6.14 EPS for the quarter, topping analysts’ consensus estimates of $6.06 by $0.08. Northrop Grumman had a return on equity of 24.72% and a net margin of 10.80%.The business had revenue of $9.88 billion during the quarter, compared to the consensus estimate of $9.75 billion. During the same period in the previous year, the company posted $6.06 earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. Northrop Grumman has set its FY 2026 guidance at 27.400-27.900 EPS. Analysts forecast that Northrop Grumman Corporation will post 27.95 EPS for the current fiscal year.

Northrop Grumman Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Investors of record on Monday, June 1st were paid a $2.47 dividend. This is an increase from Northrop Grumman’s previous quarterly dividend of $2.31. This represents a $9.88 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Monday, June 1st. Northrop Grumman’s payout ratio is presently 30.92%.

Wall Street Analysts Forecast Growth

NOC has been the topic of several recent analyst reports. UBS Group decreased their price objective on shares of Northrop Grumman from $806.00 to $745.00 and set a “buy” rating on the stock in a report on Thursday, April 23rd. Wells Fargo & Company started coverage on shares of Northrop Grumman in a report on Wednesday, April 1st. They issued an “overweight” rating and a $800.00 target price for the company. Jefferies Financial Group cut their target price on Northrop Grumman from $620.00 to $580.00 and set a “hold” rating on the stock in a research report on Friday. Citigroup decreased their price target on Northrop Grumman from $742.00 to $628.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Finally, Raymond James Financial restated an “outperform” rating on shares of Northrop Grumman in a research report on Monday, June 15th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, Northrop Grumman currently has a consensus rating of “Moderate Buy” and an average target price of $700.53.

About Northrop Grumman

Northrop Grumman Corporation (NYSE: NOC) is a leading U.S.-based aerospace and defense company that designs, builds and sustains advanced systems, products and technologies for government and commercial customers. Formed through the combination of Northrop and Grumman businesses in the 1990s, the company’s portfolio spans manned and unmanned aircraft, space systems, missile defense, radar and sensor systems, and integrated command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions.

The company’s work includes airframe and platform manufacturing, space hardware and satellite systems, advanced mission systems and cybersecurity services, as well as logistics, sustainment and modernization programs.